Banking 2020

NOVEMBER 19, 2015

Biometric authentication has rightly been hailed as a safer and more secure way to verify the person initiating a payment. But is biometric data as secure as we imagine it to be? They also stole the Social Security numbers of 21.5 In theory, having someone’s fingerprint details effectively nullifies authentication security.

Security 40

Security Fraud Data Industry 40

Banking 2020

SEPTEMBER 7, 2015

There was plenty of complexity, but at its heart the law set up a local board to review segments of the banking industry every two years, specifically to evaluate how financial services institutions with more than $6 billion in city deposits are doing their part to help less fortunate communities. That law just got shot down.

New York City 40

New York City New York Community Industry 40

Banking 2020

JANUARY 22, 2016

Ventura County Credit Union (VCCU) is the oldest and largest community credit union headquartered in Ventura County, California. What is a recent initiative that Ventura County Credit Union launched to connect with the local community? VCCU has almost 70,000 members and over $700 million in assets.

Community 40

Community Fraud California US 40

Banking 2020

DECEMBER 3, 2015

“Western banks are pursuing digital transformation projects that are dependent on a vendor community that may or may not understand the direction of change,” the report stated. In 2014, it launched the Baidu Baifa 100 Index fund with the China Securities Index Company.

Innovation 40

Innovation Payments Lending Financial Technology 40

Banking 2020

NOVEMBER 27, 2015

Some might be, but it turns out that the big winners, at least in this iteration, are actually local and community banks, registering a 5% migration. Meanwhile, the large regional or national banks are the biggest losers, saying sayonara to 16% in this customer age group. So where are they going?

Millennials 40

Millennials Survey social media Online 40

Banking 2020

SEPTEMBER 14, 2015

Even if your mobile banking app automatically logs you out after a certain period of time, there is still a window of vulnerability. . Most mobile banking apps today give you the option to receive security alerts on your phone when critical changes are made to your bank account. Opting out of alerts.

Mobile 40

Mobile Cards Apple Online 40

American Banker

JUNE 15, 2020

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

Arkansas 41

Arkansas Massachusetts Maine Fraud 41